The North American Industry Classification System (NAICS) Codes

question 42

Multiple Choice

The North American Industry Classification System (NAICS) codes:

• A)indexes major market research reports for a variety of domestic and international industries, markets, and institutions.
• B)provides an index of publications available to researchers up to the current month and year.
• C)are the statistical foundation for most of the information available on U.S. population and economic activities.
• D)provides a detailed profile of economic activity within a given geographic area.
• E)are designed to promote uniformity in data reporting by federal and state government sources and private business.

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Definitions:

Proactive

Taking initiative by acting in advance of future situations rather than just reacting, thereby controlling circumstances by causing things to happen.

Reactive

Describes a response to events or situations rather than initiating or influencing them.

Customer Needs

The wants or requirements that consumers express to have satisfied by purchasing goods or services.

Black Box Model

A concept in consumer behavior that treats the consumer's mind as a "black box," focusing on the inputs and outputs of the buying process without attempting to interpret what happens inside the mind.